Alibaba Group invests in Masan Group in Vietnam

Date : 19 May 2021

Soo-Eng Tan

Senior Analyst

Alibaba has acquired a 5.5% stake in Masan Group’s The Crown X, which operates WinMart and WinMart+ (formerly known as VinMart). Crown X to partner with Alibaba Lazada With the partnership, the retailer will be able to build its digital capabilities and accelerate the offline to online market…

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